{"id":250805,"date":"2023-03-09T09:36:05","date_gmt":"2023-03-09T09:36:05","guid":{"rendered":"https:\/\/armbanks.am\/2023\/03\/09\/250805\/"},"modified":"2023-03-09T09:36:05","modified_gmt":"2023-03-09T09:36:05","slug":"avet-mirakyans-insight-investment-group-acquires-leasing-subsidiary-of-american-deere-company","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/03\/09\/250805\/","title":{"rendered":"Avet Mirakyan&#8217;s Insight investment group acquires leasing subsidiary of American Deere &#038; Company"},"content":{"rendered":"\n<p><strong>YEREVAN, March 9. \/ARKA\/.<\/strong> Avet Mirakyan&#8217;s Russia-based Insight investment group has acquired the Russian leasing company John Deere Financial, which belonged earlier to the U.S.-based Deere &amp; Company.<\/p>\n\n\n\n<p>The deal was formally registered on Tuesday, March 7. On February 28, before the acquisition of John Deere Financial, Insight investment group had placed a bond issue for 11 billion rubles, according to Frank Media.<\/p>\n\n\n\n<p>Armenia-born Mirakyan, former CEO of SFPI, and his partners created Insight Group in 2022. Mirakyan owns 80% of the company, and the rest is distributed among the group\u2019s top management.&nbsp;<\/p>\n\n\n\n<p>The first issue of bonds worth 53 billion rubles was placed by IG last September. A little later the company had acquired the Siemens Finance, a Russian leasing company owned by German industrial manufacturing giant Siemens AG. Siemens Finance was subsequently renamed to Deltaleasing.<\/p>\n\n\n\n<p>The group is said to be ready to consider the acquisition of leasing assets of all foreigners, who departed Russia after Moscow launched the so-called \u2018special military operation\u2019 in Ukraine.<\/p>\n\n\n\n<p>John Deere Financial&#8217;s revenue in 2021 was 2.7 billion rubles, with a net profit of 0.9 billion rubles. Apart from agro-industrial companies, the counter-parties of the Russian &#8220;subsidiary&#8221; Deere include companies of the construction, coal mining and timber industries. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avet Mirakyan&#8217;s Russia-based Insight investment group has acquired the Russian leasing company John Deere Financial, which belonged earlier to the U.S.-based Deere &#038; Company<\/p>\n","protected":false},"author":1,"featured_media":194702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,12139,9216],"tags":[],"class_list":{"0":"post-250805","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-economy-en","9":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250805"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/194702"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}